Genesis Media Group, Inc (GNNX) Message Board

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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: vestor who wrote (1928)	7/23/1998 9:36:00 AM
From: T N	Read Replies (1) of 3129

Technically this stock is at a cross roads. The stochastics indicate an oversold condition for the last 2 weeks. The price is fluctuating near the center of the upper and lower BB, meanwhile both upper and lower are pointed downward. Usually the stock will ride either upper or lower BB. Momentum is on the bulls side however a negative breakout in the MACD ocurred on monday. We are trading below the simple moving average and it is pointed down. My own favorite buy signal the WMS%R is poited down, not in selling range but still not in bullish position. The picture of the graph is in a nuetral point of indecision. This can be seen by drawing a down trend line from the tops of the highs in april to present and drawing an uptrend line from the bottom of the lows in april to present. The appex is where the stock is supposed to make its next decision, whic the appex looks to be 4 or 5 days away. A good support line can be drawn at the price the stock is at now. In my limited experience whenever the tech. are in the middle of the road(which I believe GNNX tobe)the next move is bullish. They keep the road ahead blury.

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